Bumble Inc. (NASDAQ:BMBL) Given Consensus Rating of “Reduce” by Analysts

Bumble Inc. (NASDAQ:BMBL) has earned a consensus rating of “Reduce” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.40.

Several research analysts have recently issued reports on BMBL shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $5.00 price objective on shares of Bumble in a research note on Wednesday, May 6th. Bank of America reduced their price objective on Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a research note on Thursday, March 12th. Morgan Stanley raised their price objective on Bumble from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. UBS Group raised their price objective on Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Citigroup raised their price objective on Bumble from $3.80 to $3.90 and gave the stock a “neutral” rating in a research note on Thursday, March 12th.

Bumble Stock Performance

Shares of NASDAQ:BMBL opened at $3.11 on Tuesday. Bumble has a 52-week low of $2.61 and a 52-week high of $8.64. The stock has a market cap of $403.74 million, a price-to-earnings ratio of -0.53, a PEG ratio of 0.11 and a beta of 1.99. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $3.65 and a 200-day moving average price of $3.52.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.The firm had revenue of $212.38 million during the quarter, compared to analysts’ expectations of $211.59 million. During the same period last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. Equities analysts predict that Bumble will post 0.99 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Bumble stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares in the company, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Buzz Holdings L.P. Bcp sold 7,477,504 shares of Bumble stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the transaction, the insider owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This represents a 99.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 29,910,016 shares of company stock valued at $104,984,156 in the last three months. 15.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BMBL. Vanguard Group Inc. raised its position in Bumble by 52.0% during the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after acquiring an additional 3,820,205 shares in the last quarter. Saba Capital Management L.P. raised its position in Bumble by 52.6% during the fourth quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock valued at $19,055,000 after acquiring an additional 1,838,923 shares in the last quarter. Renaissance Technologies LLC raised its position in Bumble by 48.6% during the first quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock valued at $13,737,000 after acquiring an additional 1,378,487 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Bumble during the third quarter valued at approximately $6,013,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Bumble during the fourth quarter valued at approximately $3,516,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

About Bumble

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.